business development manager

3 weeks ago


Cape Town, Western Cape, South Africa HR Genie Full time

There is a Business Development Manager position available at a well known company within the finanial sector with a national footprint.

Your:

  • Qualification:
    • Bachelor's degree in Finance, Marketing, Business Administration, Sales, or a related field;
    • Diploma in financial planning, CFP (Advantageous);
    • RE 1 and RE 5 (Advantageous);
    • Experience:
      • At least 5 years of experience in financial services, focusing on sales, business development, or advisor management;
      • Proven track record of achieving significant revenue growth and successfully managing client relationships;
      • Experience working with financial advisors and leveraging technology to enhance business performance;
      • In-depth knowledge of the investment industry and at least an introductory knowledge of the short-term insurance and life insurance industries.

will enable you to fullfill the following duties:

  • Revenue Growth:
    • Focus on a portfolio of approximately 65 advisors (roughly 32 advisors for each one of the BDMs) with a goal to increase their revenue by an agreed percentage annually.
    • Utilize Group-related initiatives such as cross-selling, AUA conversion, and project GC to enhance advisor performance and revenue generation.
    • Actively company and other promote technologies, ensuring advisors and their clients fully utilize relevant platforms for client engagement, financial planning, and access to a broader range of products and services.
    • Monitor and track the revenue performance of selected advisors, providing regular feedback and strategies for improvement.
    • Collaborate with internal teams to identify additional opportunities for advisors to enhance client engagement and diversify product offerings.
  • Strategic Planning and Market Analysis:
    • Develop and execute business development plans aligned with the companys strategic growth objectives, incorporating the functionalities of technology.
    • Conduct market research to identify emerging trends, competitor activities, and customer needs, using these insights to guide strategic decision-making.
    • Collaborate with marketing and product development teams to align sales strategies with market opportunities and customer demands.
  • Advisor Relationship Management:
    • Build and maintain strong relationships with advisors to foster loyalty and ensure alignment with company goals.
    • Engage with advisors to understand their needs and provide tailored solutions that enhance client satisfaction and retention.
    • Identify opportunities for revenue expansion and work with advisors to develop strategies that convert leads into long-term partnerships.
  • Training and Development:
    • Provide ongoing training and support to advisors, focusing on enhancing their skills, knowledge, and ability to meet revenue targets.
    • Organize and lead training sessions to ensure advisors are proficient in using these platforms to drive productivity and client engagement.
    • Mentor and guide advisors, ensuring their continuous professional growth and alignment with company objectives.
  • Event Participation and Networking:
    • Represent the company at key industry events, conferences, and networking opportunities to build brand visibility and attract potential clients and advisors.
    • Utilize these events to promote the companys offerings, strengthen relationships, and gather market intelligence.
  • Performance Measurement:
    • Monitor and analyse sales performance data to adjust strategies and maximize revenue potential.
    • Evaluate the impact of Wealth Connect and Efficient Marketplace on advisor performance and make recommendations for enhancements.


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